Anyone have any highlights?
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I wonder if Chip had ChatGPT write his bs layoff email.
The company don't care. The invites from HR went out before Chips email and they continue to offer this sh---y severance package which is a slap in the face. What is 2 weeks for every year of service going to do for anyone? If the last day of employment is Oct 1st why turn off everyone access so they can't communicate with coworkers about what was said in meetings with HR.
Lol classic
What a clown!
Can't wait for the documentary about 2U and the cult of personality around this guy
Mostly generic BS but here you go:
2U Team -
I am writing to share some significant changes we are making to our organization today to ensure the long-term success of 2U. While the news may be challenging, these changes will make us a stronger company and propel us into 2024 and 2025.
Today we’re telling team members throughout the company that their roles have been affected by the ongoing realignment of the business and reprioritization of our work. Employees who will be leaving or may have a significant change to their role have already received an invitation from 2U HR to have a conversation today. In addition, some of you will have a new role or a new manager as part of these changes. If that applies to you, we will send you a meeting invite later today. If you do not receive a calendar invite, your role is not affected by today’s decisions.
A year ago, we accelerated our path to become a platform company, an important strategic move for 2U and a huge shift in mindset. A year into this journey, we are more confident than ever that this strategy is the right course of action for the company – we see evidence of this every day. However, as we’ve settled into our new model, it’s demanded new capabilities, new ways of working together, and a relentless focus on the areas that provide the largest impact for learners and partners. To best sustain and support the business, we need to continue to evolve our org structure to create more agility and alignment. Collectively investing our time and resources in the areas of greatest potential or need will improve our ability to deliver greater outcomes for more learners.
For those who will leave 2U, I want to express my sincerest gratitude to you for everything you’ve done to get 2U where it is today. You have helped us innovate, grow, and deliver incredible outcomes for learners around the world. Thank you. We will support you in this difficult transition period by offering a comprehensive set of benefits including competitive severance pay (which varies based on tenure and level), COBRA health coverage in the U.S. for medical, dental, vision, and mental health, and tuition forgiveness (if applicable). We will also provide job transition support including professional outplacement services and a private job board for future opportunities at 2U.
I’ll share more details on our path forward during an all-company call next Thursday, October 5. Over the next week, your department leadership will hold office hours and meetings to answer questions and provide updates on how your work is affected.
Until then, please take good care of yourselves and join me in supporting all our colleagues who are leaving 2U and thanking them for the important contributions they’ve made to our mission.
Chip